Minnesota Schedule M1M

What is Schedule M1M

Minnesota Schedule M1M is a supplemental schedule for the Form M1 individual income tax return. This form allows you to modify your federally reported income so it aligns with Minnesota tax law.

The form and instructions are on the Minnesota Department of Revenue website.

Income Additions Reported on Minnesota Schedule M1M

Income additions are amounts that Minnesota law requires you to add back to your federal adjusted gross income. Some common income additions include:

• Municipal bond interest from non-Minnesota bonds

Calculate your income additions total. This amount gets added to your federal adjusted gross income when calculating your Minnesota tax.

Income Subtractions Reported on MN Schedule M1M

Income subtractions are amounts you can deduct from your federal adjusted gross income under Minnesota law.

Calculate your income subtractions total. This amount gets subtracted from your federal adjusted gross income when determining your Minnesota income tax.

Tips for Filing Schedule M1M Accurately

Follow these tips when completing Schedule M1M:

1. Review the instructions carefully to report additions and subtractions correctly.
2. Double-check your calculations to avoid math errors.
3. Attach Schedule M1M and any required supporting forms to your Form M1.